The company had net debt of nearly Rs 6,405 crore as of September last year Suzlon Energy, a loss-making renewable power firm, has sought a Rs 4,200-crore bailout from the government-owned Power Finance Corporation (PFC) and REC. According to banking sources, Suzlon Energy has proposed that because REC and PFC have specialised knowledge about the […]
Suzlon Energy Loss Narrows to Rs 54 Cr in March Quarter
Suzlon Energy’s consolidated net loss narrowed to Rs 54.25 crore in the quarter ended March 31, 2021 mainly on the back of higher revenues. New Delhi : Suzlon Energy’s consolidated net loss narrowed to Rs 54.25 crore in the quarter ended March 31, 2021 mainly on the back of higher revenues. The consolidated net loss […]
Suzlon Energy Appoints Himanshu Mody as Chief Financial Officer
Himanshu, who holds MSC in Finance from University of Strathclyde, Scotland, UK, brings to fore over 22 years of experience in the fields of finance and strategy New Delhi: Suzlon Energy on Saturday said Himanshu Mody is appointed as its new Chief Financial Office from August 1, 2021. “Himanshu Mody has been appointed as the […]
Suzlon Energy signed two new deals with Germany
Suzlon Energy signed two new deals with Germany for two new solar renewable parks Good news : Suzlon Energy signed 2 new deals with Germany for 2 new solar renewable parks for more than 1 billion dollars , this is multi bagger its solar and renewable energy time ans Suzlon is Baap of wind turbine solar […]
Suzlon Energy reports Rs 670 crore net profit in September quarter
The company had recorded a consolidated net loss of over Rs 777 crore in the quarter ended on September 30, 2019, showed a BSE filing at midnight on Tuesday Suzlon Energy has posted a consolidated net profit of around Rs 670 crore in the September quarter mainly due to lower expenses. The company had recorded […]
PFC to raise foreign currency borrowing going ahead: CMD
The CMD noted that on the borrowing front, the company’s efforts towards diversification of the borrowing portfolio has started yielding results. He said that PFC Group disbursed more than Rs 1.4 lakh crore in the last financial year New Delhi: Power Finance Corporation (PFC) is likely to increase foreign currency borrowing going ahead, said Ravinder […]
Suzlon Energy’s total debt at Rs 14,262 cr, includes FCCB worth Rs 1,376 cr
The company’s total outstanding borrowing from banks or financial institutions is Rs 12,885.75 crore, according to a regulatory filing by Suzlon. Suzlon Energy on Tuesday said its debt as on March 31 stood at Rs 14,262.06 crore, which also includes outstanding foreign currency convertible bonds worth Rs 1,376.30 crore (around $172 million). The company’s total […]
Suzlon Energy bondholders okay resolution plan for $172 million bonds
The company had called a meeting of bondholders on April 6 seeking their nod for resolution of the outstanding $172 million bonds. Suzlon Energy on Monday received approval from bondholders for a resolution plan for outstanding securities of $172 million, the company said. The company had called a meeting of bondholders on April 6 seeking […]
SBI unanimously approved the restructuring of Suzlon Energy’s Rs 14,000-cr debt
The company is working on finalising various definitive agreements with the lenders, it told BSE The State Bank of India (SBI)–led consortium has unanimously approved the restructuring of Suzlon Energy’s Rs 14,000 crore worth of debt, the company said in a filing with the BSE. “The company is working on finalising various definitive agreements with […]
Suzlon Energy defaults on borrowings worth Rs7,256.38cr
The company’s filing said that the loans were given by a consortium of 18 banks led by the State Bank of India and Indian Renewable Energy Development Agency (IREDA). Suzlon Energy, on Tuesday, notified that it has defaulted on loans worth Rs7,256.38cr due on March 19, 2019. The company’s filing said that the loans were […]